Nobel Prize

The Nobel Prizes are prizes instituted by the will of Alfred Nobel, awarded to people (and also to organizations in the case of the Nobel Peace Prize) who have done outstanding research, invented groundbreaking techniques or equipment, or made outstanding contributions to society. The Nobel Prizes, which are generally awarded annually in the categories listed below, are widely regarded as the supreme commendation in the world today.

Nobel's Will

The prizes were instituted by the final will of Alfred Nobel, a Swedish chemist, industrialist, and the inventor of dynamite. Alfred Nobel wrote several wills during his lifetime. The last one was written on November 27, 1895 — a little over a year before he died. He signed it at the Swedish-Norwegian Club in Paris on November 27, 1895. He was shocked to see how his invention of dynamite was used for violent purposes and wanted the prizes to be awarded to those who served mankind well. It is said that this was motivated by his reading of a premature obituary of himself, published in error by a French newspaper who mistook Alfred for his brother Ludvig when Ludvig died, and which condemned Alfred as an 'angel of death'. So in his will, Alfred left 94% of his worth to the establishment of five prizes (physics, chemistry, physiology or medicine, literature, and peace) for "those who, during the preceding year, shall have conferred the greatest benefit on mankind." It states:

Related Topics:
Prize - Will - Alfred Nobel - Swedish - Inventor - Dynamite - November 27 - 1895 - Paris - Premature obituary - Physics - Chemistry - Physiology - Medicine - Literature - Peace

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:"The whole of my remaining realisable estate shall be dealt with in the following way:

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:The capital shall be invested by my executors in safe securities and shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit on mankind. The said interest shall be divided into five equal parts, which shall be apportioned as follows: one part to the person who shall have made the most important discovery or invention within the field of physics; one part to the person who shall have made the most important chemical discovery or improvement; one part to the person who shall have made the most important discovery within the domain of physiology or medicine; one part to the person who shall have produced in the field of literature the most outstanding work of an idealistic tendency; and one part to the person who shall have done the most or the best work for fraternity among nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.

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:The prizes for physics and chemistry shall be awarded by the Swedish Academy of Sciences; that for physiological or medical works by the Caroline Institute in Stockholm; that for literature by the Academy in Stockholm; and that for champions of peace by a committee of five persons to be elected by the Norwegian Storting. It is my express wish that in awarding the prizes no consideration whatever shall be given to the nationality of the candidates, so that the most worthy shall receive the prize, whether he be a Scandinavian or not."

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Although Nobel's will established the prizes, because his plan was incomplete and due to various other hurdles, it took five years before the Nobel Foundation could be established and the first prizes awarded in 1901.

Related Topics:
Nobel Foundation - 1901

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